BLOOMINGTON, Minn. (AP) 鈥� BLOOMINGTON, Minn. (AP) 鈥� Toro Co. (TTC) on Thursday reported fiscal second-quarter net income of $145.4 million.
The Bloomington, Minnesota-based company said it had profit of $1.50 per share. Earnings, adjusted for one-time gains and costs, were $1.60 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The landscaping, maintenance and irrigation equipment maker posted revenue of $1.42 billion in the period.
Toro expects full-year earnings in the range of $4.50 to $4.62 per share.
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